Business
Scheme of Arrangement Becomes Effective
SolGold plc has announced that the recommended cash acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited has become effective, with the entire issued and to be issued ordinary share capital of SolGold now owned by JCHK. Scheme shareholders are entitled to receive 28 pence per share, with settlement expected by March 18, 2026. Trading of SolGold shares on the London Stock Exchange has been suspended as of March 4, 2026, and cancellation of its listing is expected on March 5, 2026. Several directors have resigned from the SolGold board, and Zhang Meng has been appointed as a director. Disclaimer*
About this update from SolGold PLC
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE 4 March 2026 RECOMMENDED CASH ACQUISITION of SolGold plc ("SolGold") by Jiangxi Copper (Hong Kong) Investment Company Limited ("JCHK") implemented by means of a scheme of arrangement under Part 26 of the Companies Act 2006 SCHEME OF ARRANGEMENT BECOMES EFFECTIVE On 24 December 2025, the boards of directors of SolGold and JCHK, for and on behalf of Jiangxi Copper Company Limited ("JCC"), announced that they had reached agreement on the terms of a recommended cash offer to be made by JCHK to acquire the entire issued and to be issued share capital of SolGold (the "Acquisition"). It is intended that the Acquisition will be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme"). The scheme document in connection with the Acquisition was published on 21 January 2026 (the "Scheme Document"). On 2 March 2026, SolGold announced that the High Court of Justice of England and Wales had sanctioned the Scheme at the Sanction Hearing on 2 March 2026. SolGold and JCHK are pleased to announce that, following the delivery of a copy of the Court Order to the Registrar of Companies today, the Scheme has now become Effective in accordance with its terms and the entire issued and to be issued ordinary share capital of SolGold is now owned by JCHK. Settlement of Consideration Under the terms of the Scheme, each Scheme Shareholder on the register of members of SolGold at the Scheme Record Time (being 6:00 p.m. on 3 March 2026) is entitled to receive 28 pence for each Scheme Share held by them at that time. Settlement of the Consideration to which any Scheme Shareholder is entitled will be effected by the despatch of cheques or electronic transfers where applicable (for SolGold Shareholders holding Scheme Shares in certificated form) or the crediting of CREST accounts (for SolGold Shareholders holding Scheme Shares in uncertificated form) as soon as practicable. The latest date for settlement of the consideration in relation to the Acquisition is 18 March 2026. Suspension of trading and cancellation of listing and admission...